Bloomberg understands that OpenAI is on track to generate annualized revenue of more than $40 billion based on its current performance, roughly doubling its run rate from the end of 2025 and bolstering the company’s plans for a Wall Street debut.
The US will soon announce unprecedented economic measures against Iran, Treasury Secretary Scott Bessent said, intensifying the Trump administration’s effort to force Tehran’s capitulation after almost six months of war.
The Trump administration is imposing tariffs of as much as 100% on imported drones and their components, escalating efforts to reduce US reliance on foreign suppliers and potentially accelerating a decoupling of drone supply chains with China.
Reform UK leader Nigel Farage is returning to parliament after an election win in the English constituency of Clacton-on-Sea. Farage got 62.8% of the vote, comfortably defeating his main competitor — the satirical candidate Count Binface, who received a personal-best 26.7%. The governing Labour Party and the opposition Conservatives both boycotted the special election.
Today’s guests: Patrick Armstrong, Plurimi Wealth Chief Investment Officer; Livia Paggi, JS Held Head of Political Risk
—
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 – The Pulse with Francine Lacqua
00:00:32 – OpenAI’s revenue run rate said to top $40 billion
00:03:12 – US to roll out ‘economic isolation’ plan for Iran
00:05:16 – Patrick Armstrong, Plurimi Wealth Chief Investment Officer
00:14:55 – Aviva 1H adjusted operating profit beats estimates
00:19:37 – Nigel Farage wins UK special election
00:23:47 – Friday headlines
00:24:14 – Trump imposes 100% tariffs on some drones
00:27:55 – Livia Paggi, JS Held Head of Political Risk
00:34:28 – Jane Street prices $14.6 billion debt deal
00:39:30 – Swiss parliament panel fails to reach UBS capital rules deal
00:41:30 – Europe gripped by 5th heat wave of this summer
00:45:23 – Traders pare back Fed rate hike bets
——–
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/
Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/
More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio
Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals
Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts